Nicky Hilton is engaged to James Rothschild

I suppose this is slightly happier news, if you know/care about Nicky Hilton. Last we heard of her, she was being dissed by Chloe Sevigny, and if that’s not D-List enough for you, I don’t know what is. But today, Nicky’s got big things happening: she’s engaged to banking heir James Rothschild. Don’t you love when money falls in love with money?

The Hilton Hotels heiress and fashion designer, according to the pal, said yes to her banker beau last weekend in Lake Como, Italy.

“They are both really excited and incredibly happy,” the insider tells Us of the pair.

Hilton, 30, and Rothschild (the heir to the famous European banking family) started dating in 2011 after meeting at supermodel Petra Ecclestone and James Stunt’s wedding in Italy. The sentimental spot was the ideal setting for Rothschild to propose.

“They went on a romantic anniversary trip over the weekend,” the source reveals. “He took her out on a boat into the middle of Lake Como and he proposed, got down on one knee and everything. It was incredibly romantic and beautiful.

Rothschild, it turns out, went to great lengths to make sure all the details were secured before he popped the question. The insider tells Us: “Last month, he actually flew from England (where he is based) to the States to ask her parents for her hand in marriage!”

Well, that’s sweet, I guess. So what will they do now? Well, they plan to celebrate their impending nuptials by going on a road trip around Europe, because what better do rich 30-somethings have to do with their lives than absolutely nothing?